Indicate with a "Yes" or a "No" Which of the Following

question 1551

Essay

Indicate with a "yes" or a "no" which of the following are like- kind exchanges (assume all assets are held for business or investment purposes).
a. Exchange of common stock held as an investment for land held as an investment.
b. Exchange of farmland for an apartment building.
c. Exchange of office furniture used in trade or business for computer used in a trade or business.
d. Exchange of unimproved real estate for improved real estate.
e. Exchange of a pickup truck used in trade or business for bulldozer used in trade or business.

---

Definitions:

Hang Up

The act of ending a telephone call, often abruptly.

Sell Them

A directive to persuade individuals to purchase a product or service.

Obtaining Referrals

The process of acquiring new business leads or customers through recommendations from existing customers or contacts.

Continuous Process

An ongoing operation that runs 24/7 without interruption, often seen in manufacturing.